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Salary Hike: HR News, Trends & Workplace Insights

Latest Salary Hike HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Salary Hike.

Updated on: May 2022
Higher wages raises for new workers be new norm in IT industry?
Industry

Higher wages raises for new workers be new norm in IT industry?

May 20, 2022

Infosys plans to offer bumper salary hikes, promotions, and bonuses

Indias second-largest IT services provider, Infosys announces bumper salary hikes, promotions...

Compensation & Benefits
May 19, 2022
Infosys plans to offer bumper salary hikes, promotions, and bonuses

Microsoft to double the budget for its employee salaries to retain them

Software giant, Microsoft Corporation CEO Satya Nadella said in a memo to staffers that the company ...

Compensation & Benefits
May 17, 2022
Microsoft to double the budget for its employee salaries to retain them

India Inc to see an average . salary hike this year, Report

The median salary increment this year is likely to be around . per cent as the country recovered ...

Survey & Report
May 14, 2022
India Inc to see an average . salary hike this year, Report
IT companies to raise entry-level salaries for fresh graduates
Industry

IT companies to raise entry-level salaries for fresh graduates

As entry-level employees in India’s IT companies continue to rise faster, the IT firms are now focusing on hiring fresh graduates and increasing their salaries. Apparao V.V., Chief Human Resources Officer, HCL Technologies said, “The salaries for entry-level engineers have been revised to Rs 4.25 lakh this year from Rs 3.65 lakh. We are also […]

Apr 25, 2022
Infosys to hire 50,000 freshers in FY23, Salary Hike in this month
Industry

Infosys to hire 50,000 freshers in FY23, Salary Hike in this month

IT major, Infosys said that it has already hired 85,000 freshers both off-campus and on-campus in the financial year 2022 which ended on March 31. Infosys attrition rate reaches 27.7% in the March quarter, up from 25.5% in the December quarter, but the management was confident that attrition was actually down in the last quarter. The […]

Apr 16, 2022
TCS announces salary hike from April 1, will hire 40K freshers in Q1FY23
Hiring

TCS announces salary hike from April 1, will hire 40K freshers in Q1FY23

India’s largest IT services provider company Tata Consultancy Services (TCS) had added over 100,000 employees from campus for fiscal 2021-22. The company has announced to hire 40,000 people from the campus in the first quarter of FY23. The company has added 35,209 employees on a net basis for the fourth quarter ended on March 31, […]

Apr 16, 2022
IndiGo pilots upset with 8% pay hike after 28% cut
Industry

IndiGo pilots upset with 8% pay hike after 28% cut

Pilots of India’s largest passenger airline, IndiGo are disappointed over the recent 8 per cent salary hike announced by the airline. They were expecting the restoration of the 28 per cent cut, that was imposed two years back. “Around 28 per cent of our salary was cut during the pandemic, instead of restoring it to […]

Apr 5, 2022
Average increment in India likely to increase to 9.1% in 2022: Report
Survey & Report

Average increment in India likely to increase to 9.1% in 2022: Report

Indian companies are expected to dole out an average increment of 9.1 percent in 2022, higher than the pre-COVID-19 increment in 2019, as companies are focusing on retention of talent through rewards. According to the 2022 Workforce and Increments Trends Survey by Deloitte Touche Tohmatsu India LLP, the average India 2022 increment is expected to […]

Mar 3, 2022
Amazon plans to more than double base pay cap for employees
Industry

Amazon plans to more than double base pay cap for employees

According to a Reuter report, Amazon.com Inc plans to more than double its base pay cap to $350,000, from its previous maximum salary of $160,000 for U.S. employees, according to a company memo. The memo does suggest the increase in compensation will be applicable for most jobs globally.  The hike will allow Amazon to hire the […]

Feb 10, 2022
Bank of America raises base pay for top bankers
Industry

Bank of America raises base pay for top bankers

Bank of America Corp is raising the base salary for senior bankers, according to a person familiar with the matter, its latest attempt to retain top talent in one of the most competitive years for pay on Wall Street. Just a day earlier, the bank said 97% of its employees would get special compensation awards […]

Jan 27, 2022
TCS ramping up promotions to retain talent, 200000 women in workforce
Industry

TCS ramping up promotions to retain talent, 200000 women in workforce

On January 12, India’s IT services provider Tata Consultancy Services (TCS) has announced its third-quarter results for the financial year 2022. All three Top IT Companies in India TCS, Infosys, and Wipro have reported a jump in attrition rate which leads to an increase in the number of freshers hiring in Q4. Attrition TCS attrition inched up […]

Jan 15, 2022
Google raises salaries of top brass after ‘refusing’ to hike workers’ pay
Industry

Google raises salaries of top brass after ‘refusing’ to hike workers’ pay

After informing employees last month that it wouldn’t automatically adjust salaries to account for inflation, Google is giving four of its top-most senior executives a significant pay hike, raising their base salaries from $650,000 to $1 million. The new pay packages for Chief Financial Officer Ruth Porat; senior vice president Prabhakar Raghavan (in charge of Google search); senior vice […]

Jan 6, 2022
India to see bigger pay rises from next fiscal year
Survey & Report

India to see bigger pay rises from next fiscal year

Employees in India will see bigger pay rises next fiscal year as firms expect to emerge from lockdowns and the supply of applicants lags demand, according to recruiters. Paychecks could rise about 8% in the financial year starting April 2022, especially if authorities avert a third wave of the virus, according to Michael Page and Aon Plc. That’s higher than […]

Jul 24, 2021
Grofers rolls out 33% salary hike for its tech team
Industry

Grofers rolls out 33% salary hike for its tech team

Online grocery delivery platform Grofers announced on Monday that it will offer a 33 per cent hike in salary to its tech team effective July 2021, along with a “hefty ESOP allocation” as the online grocery delivery platform looks to retain staff and woo more tech talent. The SoftBank-backed company, which plans to launch an […]

Jun 25, 2021
Panacea Infosec rolls out 30-40% salary hike, effective April 21
Industry

Panacea Infosec rolls out 30-40% salary hike, effective April 21

Panacea Infosec rolls out 30-40% salary hike, to add 25-35% people to its workforce Panacea Infosec, a Cybersecurity firm has given 30-40 per cent hike in salaries for all employees with effect from April 2021. The company also announces to add 25-35% people to its workforce. Currently, we have around 230 employees and planning to […]

May 21, 2021